HSBC voted best bank for trade finance in Oman and Middle East

Muscat: Customers have voted HSBC Bank Oman as the leading trade finance bank in Oman and as Best Service in Euromoney’s Trade Finance Survey 2023. HSBC was also voted the Best Bank for trade finance bank in the Middle East region.

“As the world’s leading trade finance bank, HSBC is ideally placed to connect Omani businesses to trading partners around the globe. Over 90 per cent of our transactions in Oman are instructed via our digital channels and we continue to invest in the digitisation of our products and services to make banking simpler, better and faster for our customers,” said Ali Taqi, Head of Global Trade and Receivables Finance for HSBC Bank Oman.

HSBC took the top honours in all eight award categories in the Middle East, including the prestigious Market Leader and Best Service awards, as votes cast by thousands of businesses drove the bank to the top spot in the region. HSBC ranked first globally, scoring more than twice as many points as any other bank, with 48 first place rankings across the Middle East, Asia-Pacific, North America, and Latin America.

The rankings represent the views of thousands of business customers on their preference for trade finance in the region.

Patricia Gomes, Regional Head of Commercial Banking at HSBC Middle East, North Africa and Turkey (MENAT), said, “This recognition reflects that our customers value our relentless focus on service and our investments in digitising trade finance at scale. We’re bringing customers of all sizes, smallest to largest, onto the same platforms, so that everyone can benefit from faster turnaround times, straight-through service, and easier access to credit facilities. As the world’s leading trade bank, supporting our customers and their growth ambitions by connecting them to international markets, faster, is our priority.”